Reinsurance News
Whitespace
Verisk’s Whitespace launches new contract library & builder features
7th August 2024
Whitespace, a Verisk company and fully digital e-trading platform, has launched a new contract data library and enhanced contract builder functionality. The upgraded functionality significantly improves Whitespace’s user interface, enabling users to create and manage a library of company-specific contract clauses, wording, and headings with standardised tagging and formatting. Existing Whitespace ... Read the full article
Allianz Trade and BPL enhance data sharing with API integration via Whitespace
2nd July 2024
Insurer Allianz Trade and credit and political risk insurance broker, BPL, have launched a collaboration to transform the way underwriters and brokers share enquiry data using Application Programming Interface (API) integration through the independent digital trading platform Whitespace, a Verisk business. Christophe White, Global Head, Specialty Credit, Allianz Trade, commented: “I ... Read the full article
Verisk’s e-trading platform introduces workflow automation functionality
2nd May 2024
Verisk’s Whitespace digital e-trading platform has introduced workflow automation functionality with Digital Follow which will be trialled by a select set of customers before a wider launch in the second half of this year. Developed with brokers' and underwriters’ needs in mind Digital Follow allows them, or brokers’ in-house underwriters, to ... Read the full article
Ardonagh Specialty’s Price Forbes shifts all lines of business to Whitespace Platform
19th February 2024
Whitespace, a fully digital e-trading platform and Verisk company, has revealed that Ardonagh Specialty's Price Forbes has "dramatically widened" its adoption of the Whitespace Platform. All lines of business will now reportedly start their placements from data-first templates on Whitespace, with API integration being delivered throughout 2024. Laurence King, chief digital officer ... Read the full article
Whitespace and DataPro unveil innovative ‘Whitespace for Desktop’ tool
15th January 2024
In a strategic collaboration with DataPro, Whitespace, the fully digital e-trading platform and a Verisk company, has introduced "Whitespace for Desktop," a new tool designed to enhance user interaction with the Whitespace platform through Microsoft applications. Whitespace for Desktop facilitates seamless integration with Microsoft Excel, empowering users to upload and download ... Read the full article
Whitespace announces Vega IT as an integration partner
2nd November 2023
Whitespace, a fully digital e-trading platform and Verisk company, has announced Vega IT as an integration partner. Whitespace explained that the partnership is a pivotal component of its strategy to expand the delivery of its integration capabilities. "Vega IT will support customers moving onto the Whitespace Platform in various ways, including structured ... Read the full article
Whitespace announces agreement with Miller to join its platform
20th June 2023
Whitespace, the fully digital e-trading platform and a Verisk company has announced that it has reached an agreement with Miller, the specialist re/insurance broker, to join its platform. Initially, Miller is using the Whitespace Platform in its Casualty team from 1 June 2023. Miller is one of a growing number of ... Read the full article
Whitespace Platform releases 5th major update
13th June 2023
Whitespace, a fully digital e-trading platform for the global re/insurance marketplace, has announced the release of its version 2.12, its fifth major update in the past six months. This latest update introduces comprehensive support for MRC v3 guidelines, ensuring compatibility with all contract headings detailed in the MRC v3 document published ... Read the full article
Howden utilises Whitespace platform to drive data first approach
24th February 2023
Starting with its North American Property team, global re/insurance broker Howden has adopted the use of the Whitespace Platform to drive its data-first approach. Howden states it has embraced this digital integration so that risks created in its policy administration system can be created instantaneously on the Whitespace Platform, without the ... Read the full article
E-trading to be the norm in the London Market by 2023: Gracechurch Consulting
12th October 2022
According to Gracechurch Consulting’s recent London Insurance Technology Monitor report, most brokers & underwriters prefer to use an e-trading platform than not, with eight in ten believing that e-trading will be the norm for everyone in the London Market by mid-2023. The report suggests that in the first half of 2021, ... Read the full article
Whitespace platform extends data capabilities through new update
16th May 2022
Digital e-trading platform, Whitespace has announced that it has extended its defined data capabilities with its new update, Release 2.4.1. This further development extends the platforms defined data tagging abilities, offering contracts that are fully core data record (CDR) compliant, which will enable huge standardisation of data and reduced repetition and ... Read the full article
Aspen implements e-placing platform Whitespace
29th December 2021
Bermudian re/insurer Aspen has opted to implement the e-placing platform Whitespace. The platform enables brokers and underwriters to digitally offer, negotiate, place, and bind insurance and reinsurance contracts. Aspen explained that the move would further reinforce the importance of Lloyd’s as a platform and align it with the target of having 90% ... Read the full article
Whitespace bolsters advisory board with Paul Greensmith, Scott Purviance
6th September 2021
Digital e-trading platform Whitespace has added AIG’s global head of specialty Paul Greensmith and Amwins Chief Executive Officer Scott Purviance to its advisory board. Existing board members include Ascot CEO Andrew Brooks, Convex Chairman and CEO Stephen Catlin and Craig Kingaby of Ardonagh). The board meets quarterly with representation from Whitespace to ... Read the full article
Verisk’s Sequel to acquire, invest in Whitespace
3rd March 2021
Whitespace Software, a provider of digital placing technology to the re/insurance market, has signed an investment and acquisition agreement with Verisk business Sequel in an effort to accelerate growth. Whitespace is designed to provide market participants with a scalable digital placing platform capable of enabling customers to adopt a more efficient ... Read the full article
Whitespace partners with GuideOne to launch MGU
26th October 2020
Insurance trading platform Whitespace has partnered with GuideOne National on a new, entirely digitalised energy Managing General Underwriter, Career General Agency (CGA). A first of its kind, CGA will accept risks exclusively via the Whitespace Platform through a wholly digitised underwriting process. CGA will be based in Iowa and will underwrite property ... Read the full article
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